Help available for start-up companies - WDRB 41 Louisville News

Help available for start-up companies

Posted: Updated:
ELIZABETHTOWN, Ky. (WDRB) -- Starting a new business or non-profit organization from scratch is always a challenge.

The biggest challenge is to find the money to get the business going.

But there is money out there to help new businesses get started.

You just have to find it.

The Kentucky Cabinet for Economic Development can help entrepreneurs do that.

The cabinet has a program called the Kentucky Angels Network to bring new businesses and investors together.

"There are a lot of smart innovative people in Kentucky that have great ideas," says Lisa Williams of the Kentucky Innovation Network. "We can help them turn those great ideas into reality."

Every business starts with an idea or an dream.

"Our dream is to bring classical music to Elizabethtown and Hardin County," says Jaemi Loeb, the music director of the Elizabethtown Chamber Symphony, which is a relatively new non-profit organization that has the same challenges as a new for-profit business.

"We have the same problems as other start-ups," she says, "how to organize and how to find funding."

Six musicians played before entrepreneurs and investors in a business pitch competition held in Elizabethtown on Thursday.

Entrepreneurs got the chance to explain their ideas before a panel of judges made up of potential investors.

"We like technology companies, we like health companies, we like engineering, we like math, we like those businesses that have an opportunity to expand," says Mo Miller, an Angel investor and one of the judges.

Entrepreneurs representing everything from a software start-up that will help install new cell technology to a new statewide quarterly magazine.

"The key happens to be the people," says Miller, "what are their skill sets, are they ready to start a business, can they manage a business, can they move from a one person business to multiple employees and how do you manage them."

The winner of Thursday's competition was to be awarded one thousand dollars.

But more important than the winning prize money is the connections made between those working to get a business going and those with the money to help.

For information about some of the programs available to start up companies, check out www.kyinnovation.com.

Copyright 2014 WDRB News. All Rights Reserved.



Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.